Manitoba Harvest sells for $132.5 million

Manitoba Harvest has entered into a purchase agreement for $132.5 million with Connecticut-based Compass Diversified Holdings that will see Fata and other existing shareholder retain 13 per cent of the company.

Mike Fata judging Innovate Manitoba's Pitch'Day 2014

Mike Fata judging Innovate Manitoba’s Pitch’Day 2014

“The acquisition of Manitoba Harvest by CODI is an exciting moment in our company’s history,” Fata said in a written statement.

“With CODI’s proven history of supporting and growing niche market leaders, we are confident that we can further grow market share and continue to offer new innovative hemp-based food products to our customers,” he added. “As our market continues to rapidly develop and consumers embrace the nutritional benefits of our products, with the added support of CODI, we will be in a strong position to accelerate our long-term growth potential.”

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